4//SEC Filing
Maus Marcela V. 4
Accession 0001628280-21-023472
CIK 0001860782other
Filed
Nov 15, 7:00 PM ET
Accepted
Nov 16, 6:46 AM ET
Size
9.5 KB
Accession
0001628280-21-023472
Insider Transaction Report
Form 4
Maus Marcela V.
Director
Transactions
- Award
Common Stock
2021-11-11+3,002→ 3,002 total - Award
Stock Option (right to buy)
2021-11-11+4,829→ 4,829 totalExercise: $26.98Exp: 2031-09-07→ Common Stock (4,829 underlying)
Footnotes (5)
- [F1]In connection with the separation (the "Separation") of 2seventy bio, Inc. ("2seventy") from bluebird bio, Inc. ("bluebird"), the reporting person received restricted stock units, each representing the right to receive a share of 2seventy's common stock, as a result of the adjustment of existing bluebird restricted stock units prior to the Separation (see footnote 4). This restricted stock unit award vests ratably over three years in annual installments commencing on September 7, 2021.
- [F2]bluebird equity awards granted prior to January 1, 2021 were converted into equity awards of both bluebird and 2seventy. The number of shares underlying the converted bluebird equity awards was determined by multiplying the number of shares underlying the existing bluebird equity award by a fraction, the numerator of which is the volume-weighted average trading price of bluebird common stock (trading "regular way") on the five trading days immediately prior to the distribution date (the "bluebird Pre-Distribution VWAP"), the denominator of which is the sum of (1) the volume-weighted average trading price of 2seventy common stock (trading "regular way") on the five trading days immediately following the distribution date (the "2seventy VWAP") multiplied by the distribution ratio and (2) the volume-weighted average trading price of bluebird common stock (trading "regular way") on the five trading days immediately following the distribution date (the "bluebird Post-Distribution VWAP").
- [F3]The number of shares underlying the converted 2seventy equity awards was determined by multiplying the number of shares underlying the existing bluebird equity awards by a fraction, the numerator of which is the bluebird Pre-Distribution VWAP and the denominator of which is the sum of (1) the 2seventy VWAP multiplied by the distribution ratio and (2) the quotient obtained by dividing the bluebird Post-Distribution VWAP by the distribution ratio. bluebird equity awards granted on or after January 1, 2021, such equity awards were converted into 2seventy equity awards. The number of shares of 2seventy common stock underlying such converted equity awards is equal to the number of shares of bluebird common stock subject to the equity award immediately prior to the distribution multiplied by a fraction, the numerator of which is the bluebird Pre-Distribution VWAP and the denominator of which is the 2seventy VWAP.
- [F4]Represents options to purchase shares of 2seventy's common stock granted to the reporting person in connection with the Separation (see footnotes 2 and 3).
- [F5]This option vests ratably over three years in annual installments commencing on September 7, 2021 (see footnotes 2 and 3).
Documents
Issuer
2seventy bio, Inc.
CIK 0001860782
Entity typeother
Related Parties
1- filerCIK 0001876710
Filing Metadata
- Form type
- 4
- Filed
- Nov 15, 7:00 PM ET
- Accepted
- Nov 16, 6:46 AM ET
- Size
- 9.5 KB